UPDATE 1-Carrefour Brasil targeted in Sao Paulo bribery probe, may face heavy fine
May 28, 2020 at 18:03 PM EDT
The city of Sao Paulo is investigating the wholesale unit of Carrefour Brasil SA in connection with an alleged bribery scheme, the local official gazette said on Thursday, citing a probe that could result in a fine of up to 20% of the company's 2019 gross revenue.
